Donald Trump: Bitcoin and cryptocurrencies aren't money

The US president said he’s not a fan of Facebook’s Libra, and demands digital coin companies seek a banking charter

Donald Trump has criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to “become a bank.”

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter.